Orion Energy Systems Inc. (NASDAQ: OESX) is an electronics company that is well suited to an alternative investment portfolio. Priced at a bargain on the stock market, this company produces high-efficiency lighting systems that reduce costs for building managers, while reducing demand on the national electric grid. As we move towards a future where alternative energy dominates, high-efficiency commercial lighting systems will become increasingly more important.
Orion has seen strong growth in the year to date, but that growth has been interrupted by the Coronavirus-related downturn that we are now seeing in the market. Despite this, the stock is still attractive, especially considering its low price. The company increased its revenue by 9.04% in the 2019 fiscal year, and gross income was up 0.15% for a gross profit margin of 21.72%. 2020 earnings estimates have been increasing over the last two months days. If the company maintains its performance, there could be a strong upside when the market overcomes its current downturn.
Whether investors buy this week or wait to see how long the Coronavirus slide goes, this stock is a strong option for the year ahead. With an average target price of $6, there’s likely growth for patient shareholders.
- 1 Year Price Growth: 01%
- YTD Price Growth: 40%
- 3 Month Price Growth: 94%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.